Of Course A State Bank Financed The Rosneft Deal – No One Else Was...

Reuters has a nice little story today, insisting that it was a State bank, VTB, that financed the privatisation of a chunk of Rosneft....

To Illustrate Warren Buffett’s Point About Moats, Profits And Companies

Warren Buffett has more than once remarked that he likes to buy into businesses that have a moat around them. By which he means...

Remarkably For A Bunch Of Lefties Canada Adopts Sensible Poverty Measure

We'd all like to see poverty diminished if not entirely abolished. That's why us neoliberals are so keen on this neoliberal globalisation stuff, it's...

Following Scandals Chinese Buying Baby Milk Retail In Australia

You might well recall the scandal where baby formula in China was doped with melamine. Something which went on to poison a large number...

If They’re Going To Hire Chinese Workers What’s The Point Of Having Foxconn In...

There's a story - WSJ no less - that Foxconn is hoping to bring in Chinese workers to staff at least part of its...

Berkshire Hathaway Buys Back Stock As Warren Buffett Can’t Find Anything To Spend The...

If we were to believe the likes of Robert Reich and Elizabeth Warren then Warren Buffett's recent actions at Berkshire Hathaway would be tolling...

Amazon India’s Losses Mount – Showing Why It Pays So Little Tax

Amazon India is losing money hand over fist in its marketplace section. That's the part where other third parties use the infrastructure to reach...

Crawshaws Butchers Goes Bust – Behold The Power Of Capitalism To Make Us Richer

Crawshaws Butchers has just gone into administration - the polite way of saying gone bust - putting 600 jobs on the line. Which is...

GM Isn’t Firing 18,000 Bureaucrats, More’s The Pity, Just Offering Buyouts

Hope springs ever eternal to be dashed against the rocks of reality. As with this news that GM is to get rid of 18,000...

Once We Get Robots Building The Factories Where Robots Build Robots We’ll Be Getting...

The apotheosis of wealth building is a Von Neumann machine. We build one, it goes off and scours for the resources to build another,...